Instant Estimate

    Equipment
    Lease Calculator

    The Equipment Leasing Canada lease calculator gives you an instant monthly payment estimate for equipment financing, with adjustable terms and transparent rates.

    Customize Your Terms
    Adjust the values below to calculate your monthly payment.
    $
    $
    60 Months
    24 Months84 Months

    Secure & Confidential

    This calculator provides an estimate for informational purposes only. Actual payments may vary based on final credit approval, equipment type, and business history.

    Estimated Monthly Payment

    $0.00

    + applicable taxes

    Down Payment
    $5,000+ applicable taxes
    Term Length60 Months

    Why Finance With Us?

    • Approvals in as little as 24 hours
    • Preserve your working capital
    • Potential tax benefits
    • New & used equipment accepted

    How Our Equipment Lease Calculator Works

    Our equipment lease calculator is designed to provide Canadian business owners with a quick, transparent estimate of their potential monthly payments. By inputting the total equipment cost, your down payment, and preferred lease term, you can instantly see how different variables affect your cash flow.

    Determining Your Budget

    Use the calculator to work backward from your monthly budget. If you know you can afford $1,500/month, adjust the equipment cost and term length until you find a combination that fits your financial goals.

    Impact of Credit Score

    Your credit history plays a significant role in the interest rate you'll qualify for. Our calculator allows you to toggle between "Excellent," "Good," and "Average" credit tiers to see how your credit rating might influence your monthly leasing payments.

    Why Use an Equipment Leasing Calculator?

    • Plan your cash flow accurately before applying.
    • Compare different financing terms (24 to 84 months).
    • Understand the tax benefits of leasing vs. buying.
    • Make informed decisions about down payments and trade-ins.

    Tax Benefits of Equipment Leasing in Canada

    One of the primary advantages of leasing over purchasing is the potential for tax savings. In Canada, lease payments can often be treated as a direct operating expense, which may reduce your taxable income more effectively than depreciating a purchased asset over many years.

    Capital Cost Allowance (CCA)

    When you buy equipment, you can generally only claim a portion of the cost each year through Capital Cost Allowance (CCA). With a lease, you may be able to write off the full amount of your monthly payments as a business expense, accelerating your tax relief and keeping more cash in your business.

    *Note: Tax laws are complex and subject to change. We recommend consulting with your accountant or tax advisor to understand the specific benefits for your business situation.

    Lease vs. Bank Loan: What's the Difference?

    FeatureEquipment LeasingTraditional Bank Loan
    Down PaymentLow or Zero (First & Last)Often 10-25% Required
    CollateralThe Equipment OnlyAll Business Assets (GSA)
    Impact on Credit LineNone (Preserves Bank Lines)Reduces Available Credit
    Tax Treatment100% Write-off (Operating)Interest Only + CCA
    Approval SpeedFast (24-48 Hours)Slow (Weeks to Months)

    Frequently Asked Questions

    Does this calculator include taxes?

    No, the monthly payment estimate shown does not include GST/HST or PST. Sales taxes are calculated based on your province and added to the monthly lease payment.

    Is a down payment required?

    While a down payment is not always mandatory, providing one can lower your monthly payments and increase your chances of approval, especially for startups or specialized equipment.

    What factors affect my lease rate?

    Your lease rate is determined by several factors including your personal/business credit history, time in business, the type of equipment, and the term length chosen.

    Can I pay off my lease early?

    Yes, most leases offer early payout options. However, unlike a standard loan, leases are structured as a contract for the full term, so an early payout may be the sum of remaining payments discounted at a specific rate.